Mastercard Analysts Increase Their Forecasts Following Upbeat Results

Mastercard Inc MA reported better-than-expected second-quarter financial results on Wednesday.Mastercard reported fiscal second-quarter net revenues of $7.0 billion, up 10% year over year and 13% year over year on a neutral currency basis, beating the analyst consensus estimate of$ 6.85 billion. Adjusted EPS rose 24% year over year to $3.59, exceeding the analyst consensus estimate of$ 3.51.CEO Michael Miebach said, “This was supported by continued healthy consumer spending, robust cross-border volume growt ...